Managing another adult’s estate — answerable for all of it.
Protecting a protected adult’s estate
Conservatorship bonds guarantee that a court-appointed conservator — the person managing the finances of an incapacitated adult — will handle that estate honestly. In many states “conservator” is the term for the financial role, while “guardian” covers the person; some states use the words the other way around.
What a conservatorship bond guarantees
The bond guarantees faithful financial management of the protected person’s estate and compensates for mismanagement or theft. It is required even when the protected person consented, because it protects the estate, not the appointment. State terminology varies, so it is worth confirming whether your state calls the financial fiduciary a “conservator” or a “guardian of the estate.”
How the amount is set
As with guardianship, the court ties the amount to the value of the protected person’s liquid assets plus about one year of income, with annual accountings to the court. Underwriting is primarily on the conservator’s personal credit; premium typically runs about 0.5%–1% of the bond amount for good credit.
Frequently Asked Questions
What’s the difference between a conservator and a guardian?
In many states a conservator manages a protected adult’s finances, while a guardian is responsible for the person. Some states reverse or combine the terms — it’s worth confirming which your state uses.
How is a conservatorship bond amount set?
By the court, based on the value of the protected person’s liquid assets plus about a year of income, and adjusted over time with annual accountings.
How do I get a conservatorship bond through Cory Washington & Co.?
Request a quote or contact our team. We confirm your exact requirement, market your bond across multiple surety companies that compete for it, and handle the filing. Cory Washington & Co. LLC is licensed in all 50 states.
All surety bond descriptions on this website are provided by Cory Washington & Co. LLC strictly for general informational purposes. They are not intended to be, and should not be relied upon as, legal, financial, or bonding advice. Surety bonds are not insurance. Bond requirements — including amounts, obligees, and bond forms — are set by government authorities and other obligees and change over time; the information presented is general in nature and does not guarantee the availability, terms, conditions, or amount of any bond. Actual bond terms are governed by the bond form issued by the surety and the requirements of the obligee, and any bond remains subject to underwriting approval. Nothing on this website creates or implies an agent-client relationship, binds a surety, or issues a bond. Cory Washington & Co. LLC expressly disclaims any liability for actions taken, or not taken, based on the content provided here. For advice regarding your particular situation, please confirm current requirements with the relevant authority and consult directly with a licensed professional at Cory Washington & Co. LLC.